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The CommBiz Facility Authority form is used to add, view or manage CommBank Market Rate Loans (MRL) and Asset Finance Arrangements on CommBiz.
It defines who can authorise CommBiz payments and requests on these facilities (known as the Electronic Account Authority or EAA). It also defines how many Authorisers are required to make requests, process payments and any payment limits that may apply to the facility (known as the Electronic Method of Operation or EMOO).
On CommBiz:
The CommBiz Facility Authority form can be submitted as part of the CommBiz Application when setting up a new CommBiz Service or by an Administrator on an existing CommBiz Service.
By signing a CommBiz Facility Authority form, Facility Owners consent to who and how (if applicable) the facility(s) will operate on the CommBiz Service.
The CommBiz Facility Authority form has 3 parts:
Part A – Electronic method of operation in CommBiz
This defines the number of authorisers and lists each Authoriser required to process a payment or request;, it shows the following information:
If the facility(s) is being added as view only (cannot be transacted on) it will show a ‘View Only’ watermark over the table.
Part B – Persons authorised to operate on Facility(s) in CommBiz
This lists all Users who have been appointed as Authorisers or who are being removed as Authorisers for the facility(s) listed in Part A.
Users who are already Authorisers on the facility(s) listed in Part A, or who are already identified Users and are being appointed as Authorisers, will have their details shown in the fields and won’t need to sign the form.
Users who are being appointed as Authorisers and aren’t identified on CommBiz will have their details shown in the fields and will need to provide additional information so we can identify them. If the User banks with:
If a Maintenance Request includes removing Authorisers from the accounts listed in Part A, the Authorisers’ Full Names and Dates of Birth will be displayed; they won’t need to sign the form.
Part C – Declaration and Acknowledgement
The Declaration and Acknowledgement needs to be signed by the Director(s) or Authorised Officers of the facility(s) being added or updated in Part A. By signing this, facility owners are consenting to:
The form will need to be signed in accordance with the below table:
Please ensure all your customer details are up to date with CommBank, including current directors or Authorised Officers and Minutes of Meetings. Outdated information, held by the Bank, may delay processing of the Maintenance Request.
CommBiz Maintenance Requests can be sent to bankfeed@cba.com.au for processing.
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